Explain Cash Basis of accounting

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Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5

2 Answers  

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what is journal entry for bank charges

25 Answers   Bhoruka Aluminium, Genpact,

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Name the Errors Which the Trial balance cannot detect

3 Answers  

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State why you feel you are suitable candidate for the post applied

1 Answers   ATS,

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is outstanding items (either expences or incomes) comes in trial balance? if so how to treat them in financial statements

4 Answers  

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Expand-------SCAN

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Expand---------PDCB

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what is Journal Entries?

0 Answers   EDS,

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Operating Income means--------------------------

1 Answers  

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what is bank reconcilietion

18 Answers   WNS,

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Expand---------NMOP

0 Answers  

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